
The United States has become a service economy and many states, Arizona included, generate most of their revenue through service industries.The spending of tourists and retired people contribute a lot to the revenue.
Arizona's manufacturing revenues are generated from high tech products like computers, electronic equipment, and aerospace vehicles.
http://www.netstate.com/economy/az_economy.htm
http://www.nam.org/~/media/F8DA7ACD941C46BDAA9D2B430D7102EF.ashx
Manufacturers add value to raw products by creating manufactured items. For example, cotton cloth becomes more valuable than a boll of cotton through manufacturing. In terms of value added, Computer and electronic equipment (computer microchips) and electronic components, including communication systems, are Arizona's most important manufactured goods. Arizona’s manufacturing exports fell 16 percent during this time while overall U.S. manufacturing exports rose 70 percent. Manufactured exports support 23 percent of Arizona's manufacturing jobs.
http://www.netstate.com/economy/az_economy.htm
http://www.nam.org/~/media/F8DA7ACD941C46BDAA9D2B430D7102EF.ashx
No comments:
Post a Comment